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India's rising retail prices stoke worries of stagflation
Annual retail inflation increased to 5.54% last month, faster than the 4.62% rate in October.
Retail asset quality shows stress signs
Auto loan NPAs have increased six basis points to 1.16 per cent from 1.10 per cent in June 2019.
Airtel, Jio roll out higher incentives for retailers
The fresh bout of competitiveness comes soon after Vodafone Idea and Bharti Airtel — bat...
Retailers feeling the heat opt for advancing sales
Ecommerce marketplaces Amazon and Flipkart have lined up promotions this month and next to clear inventory. Discounts will be offered across a range of products, including electronics and smartphones. The trend of bringing forward winter sales from the usual time of end-December or early January started two years ago, following poor business in the preceding months.
November retail inflation reaches 5.54%, at 3-year high
Higher food prices contributed to the spike. Food price inflation (Rural and urban) climbed 10.01% in November.
Luxury retailer The Collective plans expansion
It costs Rs 5-6 crore per store to set up and over the next three years, the company will spend Rs 50-60 crore on The Collective portfolio, its brand head, Amit Pande, said. “We want to double our footprint and our monobrand portfolio will also see growth. However, those (mono-brand) stores cost much less at about Rs 2-3 crore per store to set up.”
Actual retail loan growth could be lower: Report
Bulk of figures reflect the lending for purchase of NBFCs securitised retail loan pool, a report by Crisil said.
November automobile retail marginally improves over last year
The number of registrations of vehicles at regional transport offices (RTOs), which is a proxy for retail sales, improved 2% over last year. Registrations improved for all categories of vehicles except commercial vehicles like trucks and buses, the sales of which continue to decline.
Passenger vehicle retail sales up 1% in November: FADA
According to FADA, passenger vehicles (PV) sales stood at 2,55,535 units in November 2018. Two-wheeler sales increased 3 per cent to 17,05,495 units last month as compared with 16,60,082 units in the year-ago period. Commercial vehicle sales, however, declined 8 per cent to 77,394 units as compared to 84,040 units in November last year.
French carmaker Groupe PSA Citroen planning lighter retail presence
Citroen has been popularising its format titled phygital -- a portmanteau of physical and digital -- to signify its technological advances in showroom experience for customers. Citroen is expected to offer kiosks with large screens showing how the cars would look with different accessories, and offer options on insurance, service contracts, accessories and others on a digital platform accessible across devices.
Consumer spending in slow lane, but retail credit sees 16.6% growth
Of the incremental retail loans disbursed by the banks in the year, a chunk was to buy pools or packages of loan receivables of non-banks.
Dress to the nines this holiday season: Manish Malhotra, Kenneth Cole & other fashion designers share tips to be party-ready
Abu Jani-Sandeep Khosla said this season is about reinventing the classics.
Multibagger alert! 10 little-known stocks jumped up to 1,500% in 2019
Some of the counters included have already more than doubled investor money since January.
CPI jumps to 5.5% in November, October IIP at -3.8%
India's retail inflation (CPI) jumped to 5.5 per cent for November while India's industrial production (IIP) data for October 2019 stands at...
Small towns go online to quench thirst for luxury
Most consumers tend to go bargain hunting online. For a large part of 2019, luxury mall managers reported that sales were lacklustre. Luxury goods websites, however, managed to buck the trend because of 20-50% lower costs on their sites. But at the moment, watch companies do not seem to be finding too many takers in tier-2 and 3 towns.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
